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UAW reportedly agrees to 17.5% stake in GM

Facing a looming June 1 deadline to reach agreements with the bondholders and union, General Motors may have failed to come to terms with the former, but it has reportedly arrived at a tentative concessions agreement with latter. The deal puts the United Auto Workers' trust fund in charge of future health care costs in exchange for a 17.5% stake in the reorganized General Motors. The U.S. Treasury is still expected to take the controlling stake in the reorganized company. In addition, the agreement calls for GM to put $10 billion in assets in ... Read more →

BMW to sell engines to Mercedes, others Michael Harley

BMW, the Munich-based German automaker, is reportedly in discussion with other automakers -- rivals in some cases -- to sell their engines and transmissions. Klaus Draeger, BMW's head of ...

Latest UAW proposal could hold the key to Delphi's restructuring Jonathon Ramsey

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UAW reportedly agrees to 17.5% stake in GM 7 months ago on Autoblog

BMW to sell engines to Mercedes, others 1 year ago on Autoblog

BMW, the Munich-based German automaker, is reportedly in discussion with other automakers -- rivals in some cases -- to sell their engines and transmissions. Klaus Draeger, BMW's head of development, told Auto Motor und Sport that the automaker is in advanced talks with Mercedes-Benz about ...

Latest UAW proposal could hold the key to Delphi's restructuring 2 years ago on Autoblog

The UAW is walking a few tightropes right now, and it can't afford to fall off of any of them. In talks with bankrupt auto supplier Delphi Corp. and its private equity partners, at stake for the UAW is coming to an agreement that benefits both sides, but one that does not put the UAW at a ...

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Autoblog Podcast #158: 'Twas a couple nights before Christmas...

Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion

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